US Unemployment Rate Unchanged at 5.8% in November


US jobless rate remained stable at 5.8 percent in November and the number of unemployed persons was little changed at 9.1 million.

Total nonfarm payroll employment increased by 321,000 in November. Job gains were widespread, led by growth in professional and business services, retail trade, health care, and manufacturing.

Among the major worker groups, the unemployment rate for adult men rose to 5.4 percent in November. The rates for adult women (5.3 percent), teenagers (17.7 percent), whites (4.9 percent), blacks (11.1 percent), and Hispanics (6.6 percent) showed little change over the month. The jobless rate for Asians was 4.8 percent (not seasonally adjusted), little changed from a year earlier. 

The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 2.8 million in November. These individuals accounted for 30.7 percent of the unemployed. Over the past 12 months, the number of long-term  unemployed declined by 1.2 million.

The civilian labor force participation rate held at 62.8 percent in November and has been essentially unchanged since April. The employment-population ratio, at 59.2 percent, was unchanged in November but is up by 0.6 percentage point over the year.

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers), at 6.9 million, changed little in November. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job. 


 US Unemployment Rate Unchanged at 5.8% in November


BLS | anna@tradingeconomics.com
12/5/2014 1:40:50 PM